UNISTREAM Launches Proprietary Electronic Wallet
The UNISTREAM International Money Transfer System enters the market of electronic payments with a multifunction electronic wallet, Unistream Money. Within the next six months, e-wallet users will be able to make money transfers and most popular payment operations for free.
Through June 30, 2014, customers will be able to use the Unistream Money wallet to make non-address money transfers up to 100,000 rubles to Russia, the CIS and other countries (Albania, Bulgaria, the United Kingdom, Vietnam, Greece, Israel, Cyprus, Latvia, Lithuania, Mongolia, the Czech Republic, etc.) for free. The transfers can be cashed out at any UNISTREAM point in receiving countries that accepts non-address transfers. Transfers from one Unistream Money wallet to another are also free of commission fees. Users can also transfer money from their wallets to bankcards, bank accounts, or other e-wallets. These operations are subject to standard UNISTREAM rates.
With the help of e-wallets, users can make payments to about 900 companies, enabling them to pay major Russian mobile operators, utility bills, Rostelecom bills, TV bills, bills from internet service providers, payments for online games, and other popular services. The list of these companies will be continuously expanded. Customers can also use their e-wallets to repay loans at any Russian bank. Through June 30, 2014, users will be able to make the most popular payments for free (with no commission fees), including: mobile bills (MegaFon, Beeline, MTS), social networks (VKontakte and Odnoklassniki), loan repayment, traffic police fines, and about a hundred online games including Steam, World Of Tanks, etc.
Users can top up their Unistream Money electronic wallet accounts at UNISTREAM service points (over 200 outlets in Russia) and at the majority of offices of Unistream partner banks in Russia and abroad. Soon, bankcards and other electronic wallets can also be used to top up the accounts.
"We have made the Unistream Money wallet interface user-friendly and intuitive because the new service’s target audience is very wide. It will be useful for everyone who needs a single easy-to-use solution for all kinds of payments. With the electronic wallet, you save yourself from having to stand in lines to pay utility bills or traffic police fines, to go to the bank to make a monthly installment or make a transfer, or to look for a terminal to top up your mobile phone account. In short, it will save you a significant amount of time,” says Kirill Palchun, UNISTREAM CEO. "Today, we are talking about the completion of the first stage of the Unistream Money e-wallet project. In the first half of 2014, the wallet will be continually evolving and improving. Its functionality will be expanded, new top-up channels will be added, and the number of merchants will also be increased."
The wallet sign-up procedure takes a few seconds. You will need to type in your mobile phone number and the verification code. To make a money transfer from a wallet with cash or to make payments totaling more than 15,000 rubles, you must be identified by the system. To this end, you will have to visit a UNISTREAM service point and have your ID with you and file an application. If a customer makes a transfer in excess of 15,000 rubles at any UNISTREAM point and agrees to use the Unistream Money service, his/her wallet is automatically registered and identified.
UNISTREAM International Money Transfer System is one of the most popular such systems in Russia and the CIS. It is currently operating in over 100 countries through more than 333,500 locations, including self-service terminals. UNISTREAM manages networks in Greece, the UK and Cyprus. More than 450 financial institutions around the world are partners of the system.
In 2012, UNISTREAM was named the Best Money Transfer System in Eastern Europe by the International Association of Money Transfer Networks (IAMTN) and Global Banking & Finance Review Awards.
In 2012, UNISTREAM became one of the co-founders of the National Payments Council, a non-profit partnership established under the aegis of the Central Bank of Russia and Russian Banks Association.
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